Willimantic, CT—06226
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Willimantic, CT
As of Oct '25, the median home price in Willimantic, CT is $265,000, with a year-over-year change of 6.2%. This indicates that home prices in Willimantic, CT are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 6.2% |
| Single Family | $267,000 | 5.1% |
| Condos | $200,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 7.1% |
3 Bed | $269,000 | 5.1% |
4 Bed | $281,000 | 5.6% |
| 5 Bed | $308,000 | 5.8% |
% of Housing Stock
Rental Trends — Willimantic, CT
As of July '25, Rentcast reports the average rent in Willimantic, CT is $1,680, with a year-over-year rent change of 12.0%. Per bedroom, the median rent as of July '25 in Willimantic, CT is studios: $1,080, 1-bedrooms: $1,070, 2-bedrooms: $1,660, 3-bedrooms: $1,930, 4-bedrooms: $2,600. The most common rental property sizes in Willimantic, CT are 2-bedroom and 1-bedroom, accounting for 36.6% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | $1,080 | $1,080 |
| 1 Bed Rent | $1,200 | $1,070 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $1,800 | $1,930 |
| 4 Bed Rent | $2,400 | $2,600 |
% of Rental Stock
Property Listings — Willimantic, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Willimantic, CT is 40. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 4.0% |
Listing Count | 20 | 49.0% |
| Listings as % of Homes | 0.2% | 49.0% |
Days on Market | 40 | 14.0% |
Demographics — Willimantic, CT
As of the latest ACS Survey released in 2023, Willimantic, CT has a population of 19,100, which has decreased by -4.0% over the past 5 years. Willimantic, CT is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,100 | -4.0% |
% Under 18 | 19.6% | -8.0% |
% Seniors | 11.5% | 22.3% |
% WFH | 5.6% | 115.4% |
% w/ College Degree | 21.7% | 11.3% |
As of the latest ACS Survey released in 2023, Willimantic, CT is a predominantly hispanic area, with 45.0% of the population identifying as hispanic. The hispanic population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Willimantic, CT is white, making up 44.4% of the population. Foreign-born residents account for 9.2% of the population in Willimantic, CT, and this percentage has decreased by 30.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.4% | 3.7% |
% Black | 6.3% | 5.0% |
% Hispanic | 45.0% | -4.1% |
% Asian | 2.1% | -38.2% |
% Foreign Born | 9.2% | -30.8% |
Mortgage and Risk — Willimantic, CT
According to HUD data as of 2023, there were 162 mortgage originations in Willimantic, CT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Willimantic, CT. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Willimantic, CT
As of 2024, the percent of homes in Willimantic, CT under the Section 8 program is 24.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Willimantic, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,387 |
Total Units Section 8 | 1,137 |
% Rentals under Section 8 | 24.3% |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,200 | $1,180 |
| 2 Bedroom | -$50 | $1,600 | $1,550 |
| 3 Bedroom | $100 | $1,800 | $1,900 |
| 4 Bedroom | -$130 | $2,400 | $2,270 |
Affordability — Willimantic, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $265,000 |
| Median Household Income | $44,100 |